AugustWest, I understand what you are saying and appreciate your comments...but I use to be just like you....defending these money losing companies...hoping for a rebound ...only to see them collapse even further....This is no AMZN, AOL or RNWK......With revenue of 1.4 million for ( months of operations, the company generates 4.3 million in operating expenses....Regardless of how you twist it....This situation CANNOT justify a stock price of 8.00....Over the last 2 months stock has been up to 5-6 , then back down to 2.87 area...It won't hold....NOT with these kinda of figures.....I have been there , done that....Take a look at SSTI, EASY(recently filed bankruptcy),PTET, FILE,SEVL,IFLY and the list goes on and on.....Investors are now stuck with these stocks trading below $5.00...failing to move in the last mkt. upturn.....Stick with the widely held names...the YHOO, RNWK, AOL etc.......I hate to see the same thing happen to others that happened with other small cap IPO/Internet stocks...I had these kind of response from folks just like you who were defending DCLK at 77, PTVL at 40, WEBB at 13, MALL at 13, ONSL at 34...and so on.....Good luck
PS I hope this was original enough for you. |
